TOMOKU CO.,LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for TOMOKU CO.,LTD.
(Updated on May 01, 2024)
The TOMOKU CO.,LTD. stock price fell by -0.193% on the last day (Wednesday, 1st May 2024) from JP¥2,593.00 to JP¥2,588.00. During the last trading day the stock fluctuated 1.96% from a day low at JP¥2,547.00 to a day high of JP¥2,597.00. The price has been going up and down for this period, and there has been a -0.08% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 23 thousand shares were bought and sold for approximately JP¥60.30 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,582.98 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.35% during the next 3 months and, with a 90% probability hold a price between JP¥3,005.26 and JP¥3,415.73 at the end of this 3-month period.
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3946.T Signals & Forecast
There are mixed signals in the stock today. The TOMOKU CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,612.60. On a fall, the stock will find some support from the short-term average at JP¥2,579.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -5.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TOMOKU CO.,LTD. stock
TOMOKU CO.,LTD. finds support from accumulated volume at JP¥2,560.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥50.00 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3946.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect TOMOKU CO.,LTD. to open at JP¥2,577.33, and during the day (based on 14 day Average True Range), to move between JP¥2,536.89 and JP¥2,639.11, which gives a possible trading interval of +/-JP¥51.11 (+/-1.97%) up or down from last closing price. If TOMOKU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,593.00 (0.19%) than the support at JP¥2,560.00 (1.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
TOMOKU CO.,LTD. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for TOMOKU CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.39% in the first trading day after earnings release.
Is TOMOKU CO.,LTD. stock A Buy?
TOMOKU CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.100 Sell Candidate Unchanged
Predicted Opening Price for TOMOKU CO.,LTD. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥2,577.33 ( 0.412%) | JP¥2,588.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3946.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,627.33 | 1.52 % | |
| R2 | 2,608.23 | 0.782 % | ||
| R1 | 2,596.43 | 0.326 % | ||
| Current price: | 2,588.00 | |||
| Support | S1 | 2,558.23 | -1.15 % | |
| S2 | 2,546.43 | -1.61 % | ||
| S3 | 2,527.33 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,747.00 | 6.14 % | |
| R2 | 2,657.00 | 2.67 % | ||
| R1 | 2,593.00 | 0.193 % | ||
| Current price | 2,588.00 | |||
| Support | S1 | 2,560.00 | -1.08% | |
| S2 | 2,351.00 | -9.16% | ||
| S3 | 2,280.00 | -11.90% |
3946 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥32.00 | 2.04% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥28.00 | 1.93% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥27.00 | 1.66% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥25.00 | 1.28% |
FAQ
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